Crude Oil Futures Fall on Weak Demand

By By Rediff Money Desk, New Delhi
Mar 20, 2025 14:02
Crude oil futures in India eased on Thursday, tracking weak global demand. Analysts cite offloading of holdings as a contributing factor. Learn more about the latest oil price trends.
New Delhi, Mar 20 (PTI) Crude oil futures on Thursday slipped Rs 2 to Rs 5,820 per barrel in futures trade as participants trimmed their positions, tracking weak demand in the overseas market.

On the Multi Commodity Exchange, crude oil for April delivery traded lower by Rs 2 or 0.03 per cent at Rs 5,820 per barrel in 5,770 lots.

Analysts said the prices were affected following participants offloading their holdings amid weak global cues.

Globally, West Texas Intermediate crude climbed 0.63 per cent to USD 67.58 per barrel while Brent crude was trading 0.55 per cent higher at USD 71.17 per barrel in New York.
Source: PTI
Read More On:
crude oilfuturesoil pricesdemandglobal cues
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Hindustan Copper to Earn Rs 2,400 cr from...

Hindustan Copper expects to earn Rs 2,400 crore over 20 years from its J''khand mining...

Calculus Group & HRDS India Sign Rs 1,000 Cr AI...

Calculus Group partners with HRDS India to deploy AI-enabled digital technology in...

Shriram General Wins Fraudulent Motor Claim...

Shriram General Insurance Company wins a case against fraudulent motor claim in Madhya...

China Diamond Industry Recovery Sparks Hope for...

China's diamond market shows signs of recovery, boosting optimism for India's diamond...

Krishna Lal Chadha, Eminent Horticulture...

Renowned horticulture scientist and Padma Shri awardee Krishna Lal Chadha passed away...

India Key to California Almond Growth: ABC...

India's almond consumption is booming, driving California almond exports. Learn about...

KRAFTON India CEO: Gaming Market Potential...

KRAFTON, behind Battlegrounds Mobile India (BGMI), sees India as a top 5 global gaming...

DLF to Invest Rs 40,000 Cr in Housing,...

DLF, India's largest realty firm, plans to invest Rs 40,000 crore over 4-5 years in...

Maharashtra Budget Boosts Real Estate: CREDAI-MCHI

Maharashtra's budget, with focus on infrastructure and affordable housing, is expected...

India Imports 8.47 Lakh Tons DAP Fertilizer...

India imported 8.47 lakh tonnes of DAP fertiliser from China till February,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com